Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Wed, Jun 19, 2024 - Fri, Jun 21, 2024
Falcon Technoprojects IPO is a fixed price issue of ₹13.69 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹13.69 crore.
Falcon Technoprojects IPO bidding started from Jun 19, 2024 and ended on Jun 21, 2024. The allotment for Falcon Technoprojects IPO was finalized on Jun 24, 2024. The shares got listed on NSE SME on Jun 26, 2024.
Falcon Technoprojects IPO price is ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,10,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,20,800.
Kunvarji Finstock Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Falcon Technoprojects IPO RHP for detailed Information.
IPO Open
Wed, Jun 19, 2024
IPO Close
Fri, Jun 21, 2024
Issue Price
₹92 per share
Market Cap (Pre-IPO)
₹49.28 Cr
| IPO Date | 19 to 21 Jun, 2024 |
| Listed on | Wed, Jun 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,88,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 74,400 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6845 Cr) |
| Fresh Issue (Ex Market Maker) | 14,13,600 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 14,13,600 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 38,68,793 shares |
| Share Holding Post Issue | 53,56,793 shares |
| NSE Symbol | FALCONTECH |
| ISIN | INE0PQK01013 |
Falcon Technoprojects IPO comprises a total issue size of 14,88,000 shares. The net offer to the public is 14,13,600 shares, after excluding 74,400 shares allotted on a firm basis. Of the Net offer 7,06,800 (50.00%) allocated to NII 7,06,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,06,800 | 50.00% | 47.50% |
| Retail Shares Offered | 7,06,800 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 74,400 | 5.00% | |
| Total Shares Offered | 14,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Established in 2014, Falcon Technoprojects India Limited provides mechanical, electrical and plumbing services to its clients across India and operates in various sectors such as petroleum refineries, housing estates, nuclear power, construction, etc.
The company offers mechanical, electrical and plumbing (MEP) services. These services include the design, selection and installation of integrated mechanical, electrical and plumbing systems. This includes the installation of air conditioning, power and lighting systems, water supply and drainage, fire protection and fire extinguishing systems and telephones.
On January 31, 2024, the company had a total of 24 employees.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 21.44 | 21.84 | 21.80 | 17.20 |
| Total Income | 10.37 | 16.57 | 22.90 | 9.46 |
| Profit After Tax | 0.87 | 1.04 | 1.03 | 0.30 |
| NET Worth | 8.99 | 3.34 | 2.31 | 1.28 |
| Reserves and Surplus | 5.12 | 2.84 | 1.81 | 0.78 |
| Total Borrowing | 7.81 | 12.32 | 9.63 | 7.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements of our Company | 10.27 |
| 2 | General Corporate Purposes | 2.81 |
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 9.68% |
| ROCE | 11.54% |
| RoNW | 9.68% |
| PAT Margin | 8.39% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.69 | 1.95 |
| P/E (x) | 34.25 | 47.22 |
| Promoter Holding | 84.20% | |
| Market Cap | ₹49.28 Cr. |
The Falcon Technoprojects India IPO is subscribed 65.32 times on June 21, 2024 6:19:56 PM (Day 3). The public issue subscribed 82.72 times in the retail category, [.] times in the QIB category, and 45.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 45.02 | 7,06,800 | 3,18,22,800 |
| Retail | 82.72 | 7,06,800 | 5,84,67,600 |
| Total | 65.32 | 14,13,600 | 9,23,34,000 |
Total Application : 48,723
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to LM including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.19 |
| 2 | Brokerage and selling commission | 0.07 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses (Market Making, depositories, secretarial, peer review auditors, etc.) | 0.31 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹84.00 |
| Low | ₹82.00 |
| High | ₹88.20 |
| Last Trade | ₹88.20 |
Lead Manager Reports
Falcon Technoprojects IPO is a SME IPO of 14,88,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Jun 19, 2024, and closes on Fri, Jun 21, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Falcon Technoprojects IPO using UPI as a payment gateway. Zerodha customers can apply in Falcon Technoprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Falcon Technoprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Falcon Technoprojects IPO opens on Wed, Jun 19, 2024 and closes on Fri, Jun 21, 2024.
Falcon Technoprojects IPO lot size is 1200, and the minimum amount required for application is ₹1,10,400.
You can apply in Falcon Technoprojects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Falcon Technoprojects IPO will be done on Monday, June 24, 2024, and the allotted shares will be credited to your demat account by Tue, Jun 25, 2024. Check the Falcon Technoprojects IPO allotment status.
The Falcon Technoprojects IPO listing date is on Wed, Jun 26, 2024.
